6 days Ago By ABMN Staff
Mariner LLC cut its holdings in Fortis Inc. ( NYSE:FTS – Free Report ) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 19,737 shares of the utilities provider’s stock after selling 515 shares during the quarter. Mariner LLC’s holdings in Fortis were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors also recently modified their holdings of FTS.
Blue Trust Inc. boosted its position in Fortis by 724.3% during the 4th quarter.
Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 507 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Fortis during the 4th quarter valued at approximately $38,000.
Versant Capital Management Inc boosted its position in Fortis by 34.1% during the 4th quarter. Versant Capital Management Inc now owns 1,006 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 256 shares in the last quarter.
Lindbrook Capital LLC boosted its position in Fortis by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,726 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 758 shares in the last quarter.
Finally, Wilmington Savings Fund Society FSB bought a new stake in Fortis during the 3rd quarter valued at approximately $149,000. 57.77% of the stock is owned by institutional investors.
Fortis Price Performance Shares of NYSE:FTS opened at $48.62 on Tuesday. Fortis Inc.
has a 1-year low of $38.15 and a 1-year high of $48.94.
The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.
63. The business has a fifty day moving average price of $45.56 and a 200-day moving average price of $44.
04. The company has a market capitalization of $24.39 billion, a PE ratio of 20.
60, a PEG ratio of 3.94 and a beta of 0.46.
Fortis Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be given a dividend of $0.4324 per share.
The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.73 annualized dividend and a dividend yield of 3.
56%. Fortis’s dividend payout ratio (DPR) is presently 72.03%.
Wall Street Analysts Forecast Growth Separately, Jefferies Financial Group initiated coverage on Fortis in a report on Thursday, February 13th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock.
According to MarketBeat, the stock has an average rating of “Hold”. Check Out Our Latest Report on FTS Fortis Company Profile ( Free Report ) Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.
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